Massachusetts Medical Cannabis Business & Marijuana Legal News

Chart: Massachusetts recreational marijuana sales approach $140 million

After six full months of operations, Massachusetts adult-use marijuana sales continue to rise, with aggregate sales approaching $140 million through the last week in May. The market enjoyed a solid launch the week of Thanksgiving 2018, and Massachusetts retailers have seen average month-over-month sales increases of 21% between December 2018 – the first full month of […]

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Massachusetts regulators agree to take hard look at cannabis social use sites

In a move that could eventually open new marijuana business opportunities, the Massachusetts Cannabis Control Commission narrowly agreed with a working group’s recommendations that the state should further explore licensing social MJ consumption sites. The recommendations, approved 3-2 by the commission: Allow for a test of social consumption sites in 12 volunteer communities, including five that […]

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Curaleaf Q1 marijuana revenue climbs to $35.3 million

Curaleaf, a Massachusetts-based, vertically integrated cannabis company, reported first-quarter revenue of $35.3 million, up from $9.1 million for the same period in 2018. Net loss for the company in the period totaled $10.8 million versus $3.4 million last year. Curaleaf, which agreed to acquire Cura Partners in a nearly $1 billion deal earlier this month, […]

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Is Massachusetts adult-use marijuana market being propped up by New Yorkers?

Customers making the trek from nearby New York are responsible for as much as 50% of recreational marijuana sales so far in Massachusetts, according to reporting by Crain’s New York Business. In Great Barrington, a town on Massachusetts’ western edge that’s only a one-hour drive from Albany and less than three hours from New York City, Theory […]

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MA authority approves acquisition of Sira Naturals by Canadian marijuana firm

The Massachusetts Cannabis Control Commission approved what is believed to be the first sale of a marijuana business in the state. Sira Naturals, which owns three dispensaries in the Boston area, is being sold to Cannabis Strategies Acquisition, a Toronto-based company that invests in cannabis businesses. Last week, regulators delayed a vote on the deal […]

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Massachusetts cannabis regulators cautious about approving acquisitions

Massachusetts regulators delayed voting on a proposed medical marijuana acquisition, reflecting the state’s deliberate approach in evaluating ownership-change requests. According to MassLive.com, the caution comes in wake of a report that some businesses may have skirted licensing rules. To read more about the state’s review process, click here.

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Cannabis group Curaleaf to acquire Cura Partners for CA$1.27 billion

Massachusetts-based Curaleaf, a vertically integrated cannabis company, agreed to acquire Portland, Oregon-based Cura Partners in an all-stock deal worth 1.27 billion Canadian dollars ($949 million). Curaleaf will issue 95.6 million subordinated voting shares, giving Cura a roughly 16% stake in the company. The deal is the latest in a string of recent mega-deals in the cannabis […]

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Marijuana Business This Week: Honing IL legalization language, taking reservations in Massachusetts, hempseeds enter space & more

Here are some notable stories and events to watch for in the coming days: LEARNING THE LANGUAGE: Substantial language to incorporate into a bill legalizing adult-use marijuana in Illinois could come as early as Tuesday, according to one of its key proponents. In early April, an Illinois Senate panel advanced a placeholder legalization bill that […]

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